Use the information above to estimate the (required) return on Texas Instruments. Assume the ROE is 30%. Assume the TTM dividend and forward dividend are the same to make the calculation easier. Use the close price for the calculation. Is TI reinvesting their money wisely (are they increasing shareholder wealth with their project selection)? Explain.

Texas Instruments Incorporated (TXN) Add to watchlist NasdaqGs - NasdaqGS Real Time Price Currency in USD 138.53 +2.16 (+1.58%) 138.54 +0.01 At close: 4:00PM EDT After hours: 5:05PM EDT Summary Company Outlook Chart Conversations Statistics 126.886B 1D 1.13 26.01 Previous Close 136.37 Market Cap Beta (5Y Open 138.32 Monthly) Bid 138.87 x 900 PE Ratio (TTM) Ask 138.54 x 800 EPS (TTM) Day's Range 137.63 - 139.11 Earnings Date Forward 52 Week Range 93.09 - 148.37 Dividend & Yield Volume 2,931,153 Ex-Dividend Date 5.33 Oct 20, 2020- Oct 26, 2020 3.60 (2.64%) Jul 30, 2020 Avg. Volume 4,437,611 1y Target Est 139.71 Texas Instruments Incorporated (TXN) Add to watchlist NasdaqGs - NasdaqGS Real Time Price Currency in USD 138.53 +2.16 (+1.58%) 138.54 +0.01 At close: 4:00PM EDT After hours: 5:05PM EDT Summary Company Outlook Chart Conversations Statistics 126.886B 1D 1.13 26.01 Previous Close 136.37 Market Cap Beta (5Y Open 138.32 Monthly) Bid 138.87 x 900 PE Ratio (TTM) Ask 138.54 x 800 EPS (TTM) Day's Range 137.63 - 139.11 Earnings Date Forward 52 Week Range 93.09 - 148.37 Dividend & Yield Volume 2,931,153 Ex-Dividend Date 5.33 Oct 20, 2020- Oct 26, 2020 3.60 (2.64%) Jul 30, 2020 Avg. Volume 4,437,611 1y Target Est 139.71